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1 Article
Source: Common Domain

Gasoline prices ‘really starting to surge,’ could near $3 a gallon by spring: analyst

Monday 20:00 GMT

Retail U.S. gasoline prices are poised to climb for a sixth straight week, and could near $3 a gallon on average before they peak this spring, fuel-price tracker GasBuddy said on Monday.

The “spring surge is a bit larger than I was expecting so far this year,” he said, noting that traditionally the national average has gone up anywhere from 35 cents to 75 cents a gallon from a winter low to a spring peak and so far, the market is 30-plus cents a gallon higher “and it’s only March, with perhaps two more months to go before prices peak around the time [refinery] maintenance wraps up.”

1 Article
Source: Common Domain

Logistics Report: Halting an Import Surge; Buying into Poland; Railroads in Freight Fight

Tuesday 22:44 GMT

Logistics companies may be wondering whether a sharp drop in imports into major U.S. ports last month is just a pause or a sign of a deeper decline.

Last month from a year ago, the WSJ reports, in an abrupt end to the surge in importing that began last year as shippers rushed to move goods ahead of impending trans-Pacific tariffs. The upswing lasted into January, leaving the region’s terminals and warehouses overstuffed and a big overhang of inventory for retailers and manufacturers to start the year.

1 Article
Source: The Guradian

Anti-immigration populists surge in fragmented Dutch elections

Friday 12:40 GMT

An anti-immigration populist party has won the most votes in elections for the upper house of parliament in the Netherlands, days after a shooting in Utrecht, robbing the governing coalition of its majority and forcing it to seek new alliances on the left.

Analysts have said despite the populists’ improved performance it will not easily be translated into increased clout in the upper house, since the other parties have pledged not to work with them.

1 Article
Source: Common Domain

Micron stock surge leads chips to near record high levels

Friday 15:25 GMT

Micron Technology Inc.’s stock surged for its best day in more than a year Thursday, leading chip stocks to a record high as the memory chip maker took what analysts considered to be a more realistic view of the market and sought to curb production.

Micron MU, +9.62%  shares finished up 9.6% at $43.99, after touching an intraday high of $44.21, after the company reported quarterly earnings late Wednesday, gave a sobering forecast for the current quarter and pledge to idle 5% of chip production.


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